Proprietary Credit Cards	12 Months Ended
Feb. 02, 2013
Proprietary Credit Cards [Abstract]
Proprietary Credit Cards	NOTE 3: PROPRIETARY CREDIT CARDS In April 2003, we entered into a program and servicing agreement with HSBC Bank Nevada, N.A. (“HSBC”), under which proprietary credit card accounts are offered to our customers. In September 2006, we entered into agreements with HSBC and MasterCard International Incorporated to issue co-branded MasterCard cards to new and existing proprietary credit card customers. In May 2012, Capital One Financial Corporation and its affiliates (“Capital One”) acquired certain assets and assumed certain liabilities of the U.S. credit card and private label credit card business of HSBC, and pursuant to an agreement with Capital One, our agreement was assigned to Capital One. Capital One establishes and owns the proprietary credit card accounts for our customers. Under the terms of the proprietary credit card program agreement, the risks and revenues generated by interest and fees on the portfolio are apportioned between Capital One and us. Pursuant to a servicing agreement with Capital One, we continue to provide key customer service functions, for which we receive compensation from Capital One. These services include new account openings, transaction authorizations, billing adjustments and customer inquiries. We have entered into several amendments to the program agreement since 2003. In September 2012, we and Capital One entered into an eighth amendment, which provides, among other things, for increased revenue sharing, certain of which were applied retroactively from May 1, 2012. The eighth amendment also confirms the expiration date of the program agreement in 2018. Under the co-brand program, qualifying customers are issued a SFA and MasterCard branded credit card that functions as a traditional proprietary credit card when used at any SFA or OFF 5TH store and at Saks Direct or as a MasterCard card when used at any unaffiliated location that accepts MasterCard cards. Capital One establishes and owns the co-brand accounts, retains the benefits and sales associated with the ownership of the accounts, receives the finance charge and other income from the accounts, and incurs the bad-debts associated with the accounts. With the exception of depreciation expense, all components of the credit card operations are included in SG&A expense on the Consolidated Statements of Income. The credit contribution comprises program compensation and servicing compensation. For 2012, 2011, and 2010, the components of the credit contribution included in SG&A expense were $40,383, $33,088, and $24,204, respectively.

Proprietary Credit Cards

12 Months Ended

Feb. 02, 2013

NOTE 3: PROPRIETARY CREDIT CARDS

In April 2003, we entered into a program and servicing agreement with HSBC Bank Nevada, N.A. (“HSBC”), under which proprietary credit card accounts are offered to our customers. In September 2006, we entered into agreements with HSBC and MasterCard International Incorporated to issue co-branded MasterCard cards to new and existing proprietary credit card customers. In May 2012, Capital One Financial Corporation and its affiliates (“Capital One”) acquired certain assets and assumed certain liabilities of the U.S. credit card and private label credit card business of HSBC, and pursuant to an agreement with Capital One, our agreement was assigned to Capital One.

Capital One establishes and owns the proprietary credit card accounts for our customers. Under the terms of the proprietary credit card program agreement, the risks and revenues generated by interest and fees on the portfolio are apportioned between Capital One and us. Pursuant to a servicing agreement with Capital One, we continue to provide key customer service functions, for which we receive compensation from Capital One. These services include new account openings, transaction authorizations, billing adjustments and customer inquiries.

We have entered into several amendments to the program agreement since 2003. In September 2012, we and Capital One entered into an eighth amendment, which provides, among other things, for increased revenue sharing, certain of which were applied retroactively from May 1, 2012. The eighth amendment also confirms the expiration date of the program agreement in 2018.

Under the co-brand program, qualifying customers are issued a SFA and MasterCard branded credit card that functions as a traditional proprietary credit card when used at any SFA or OFF 5TH store and at Saks Direct or as a MasterCard card when used at any unaffiliated location that accepts MasterCard cards. Capital One establishes and owns the co-brand accounts, retains the benefits and sales associated with the ownership of the accounts, receives the finance charge and other income from the accounts, and incurs the bad-debts associated with the accounts.

With the exception of depreciation expense, all components of the credit card operations are included in SG&A expense on the Consolidated Statements of Income. The credit contribution comprises program compensation and servicing compensation. For 2012, 2011, and 2010, the components of the credit contribution included in SG&A expense were $40,383, $33,088, and $24,204, respectively.